AGOA is the cornerstone of U.S. trade and investment with Africa; over its 14 year history, the program has contributed to a doubling of U.S. trade with Africa. Before it's obvious renewal in the next year, taking a look at the criteria for benefits is important in the development of the U.S. trade relationship with sub-Saharan Africa.
Last week investigators from China's State Administration for Industry and Commerce raided Microsoft facilities in four Chinese cities, claiming it is investigating whether Microsoft violated China’s anti-monopoly laws. These trumped up charges are part of a broader effort by the Chinese government to hobble U.S. technology companies in China, promote China’s domestic IT industry and ultimately replace the U.S. as the world’s IT leader. Rob Atkinson argues in The Hill that the only thing that will stop this is determined and resolute action from the U.S. government, in concert with our European allies, to say “enough is enough.”
Is India Becoming a Case of Meet the New Boss, Same as the Old Boss?
Secretary of State John Kerry and Secretary of Commerce Penny Pritzker met with new Indian Prime Minister Narendra Modi last week to discuss efforts to deepen economic and trade ties between the two nations. However, as Rob Atkinson writes in The Hill, recent actions by the Modi government indicate that India's continued use of innovation mercantilist policies to promote domestic firms at the expense of global trade partners do not bode well for improved relations.
Restoring the Indian Economic Miracle
Writing in the Georgetown Journal of International Affairs, Stephen Ezell argues that if new Indian Prime Minister Narendra Modi is to revitalize India's economy, he needs to adopt a new economic growth strategy consisting of four key elements: embracing across-the-board productivity growth, improving India’s environment for doing business, investing in infrastructure, and seeking to attract—rather than compel—foreign direct investment.